- purchase cryptocurrency on an exchange, in an exchanger or on a P2P platform;
- get by mining;
- earn by staking.
The bitcoin buying rate changes daily, which makes it possible for cryptocurrency brokers to earn through purchase and sale transactions. In 2022, there was a market reversal, as a result of which the price of bitcoin fell by almost half.
Reasons for the fall in the price of bitcoin:
The fall in the bitcoin rate in 2022 occurred for several reasons:
- Unstable political situation in the world.
- The US has taken a leading position in mining, which has led to a depreciation.
- Increased control over operations in the cryptocurrency market has reduced the demand for the purchase of currency.
Also, one of the main reasons for the fall in the rate is a large number of virtual scammers, because of which exchange transactions for the purchase of bitcoin do not inspire confidence among users.
Will bitcoin rise in price?
Many traders are interested in whether bitcoin will rise in price, since the fall in the rate has significantly affected the earnings of millions of people around the world. Financial experts who specialize in cryptocurrencies predict that the price of bitcoin will fall until it strengthens as a stable currency. This means that the demand for digital money has decreased significantly, and until users use bitcoin in financial transactions, its rate will remain low.
Also, one of the important factors for the appreciation is the function of paying for products and services with digital currency. If this system is adjusted, the forecasts for the appreciation will become more optimistic.
The stabilization of the political situation and the monetary regime in the United States is also a key means of raising the bitcoin rate, since this state occupies the main niche in bitcoin mining.
Bitcoin price predictions
Financial experts conducted a series of studies that made it possible to make an up-to-date forecast for the bitcoin rate for 2022. Since the beginning of the year, the digital currency began to steadily fall, and if in January the average rate was $46,306.45, then in early June it dropped to $30,830. Experts say that the value may fall below $20,000, but by the end of the year the rate will slowly rise. According to the most optimal forecasts, after the stabilization of the political situation in the world and the establishment of systems for paying for goods with digital currency, bitcoin can grow to a value of more than $100,000.